HF1741 Summary

• Appropriates $596,000 total ($204,000 in FY2010 and $392,000 in FY2011) to the Department of Commerce, with reductions across General, Petroleum Tank Cleanup, and Special Revenue funds.

• Provides $400,000 one-time appropriation in FY2010 to Financial Institutions subdivision for accessing the national mortgage licensing system (NMLS) required by federal Secure and Fair Enforcement (SAFE) for Mortgage Licensing Act.

• Reduces Office of Energy Security appropriations by $389,000 in FY2010 and $38,000 in FY2011, including cuts to E85 cost-share grants, heat flow mapping, and community energy technical assistance programs.

• Transfers $1,969,000 from petroleum tank release cleanup fund to general fund in FY2010 and $1,032,000 in FY2011; transfers $2,991,000 from special revenue fund to general fund in FY2010 and $2,027,000 in FY2011.

• Amends Minnesota Statutes on continuing education course approval for licensed occupations, securities transaction exemptions under section 80A.46, and registration fees for securities filings; expires licensing assessment requirement December 1, 2010.